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To go into debt for a degree that may or may not payoff when everyone is encouraging me to, all except one person…me. That was what I faced twice in my young lifetime. The first time was when I was graduating from high school and I applied to four universities within the Southern California region. I was accepted to all four, but the financial aid package my dream school offered required me to borrow a massive amount of loans for the first year alone. No way was that happening so I decided to attend a Cal State University instead. I would have to borrow $3,500 to attend one semester there, but something told me back then not to. The main reason why I dropped out of the university during my second week was because my instincts told me I was going to regret getting into debt early on when I could attend school for much cheaper at my local community college.

So I enrolled in community college in 2008 and graduated in June 2011 with three associates degrees, my undergraduate transfer requirements satisfied, and no debt whatsoever. I was thrilled I didn’t have any student loans and I reapplied to my dream school again hoping it would be more affordable this time around. To put it plainly, my dream didn’t come true. I thought because my sister was attending college at the same time I was I would qualify for more financial aid and I hoped the amount I would have to borrow would be much more reasonable this time. When the financial aid package arrived with my acceptance letter, it stated I was eligible to borrow up to $25,000 in federal loans. About $7,000 was in subsidized loans, but the rest was a plus loan my mother would have to borrow on my behalf. As if that wasn’t bad enough, the absolutely worse part of all was the $25,000 loan offer was for one semester only! That’s right, one semester only. Meaning I would have to borrow around $100,000, if not more, to obtain a bachelor’s degree in accountancy hopefully within two years.

After I cried for a few days at the thought of not being able to afford my dream school even now and being forced to put my education on hold again, I eventually realized this was a blessing in disguise. I used a loan calculator to roughly estimate the kind of money I would have to be making after I graduated to pay off this loan and still live comfortably, and the calculator came back with an annual salary of $140,000. This “ideal” salary did not include recessions, a mortgage, or a car loan of course, and so naturally I cried a little more. A visit at promogreenloansvip2 can be made in order to get the information about the loan procedure. The calculation of the annual interest is comfortable for the person and repaying is done after employment. All the things should be considered to get the right amount of loan for the students. 

Now, I realize not pursing a bachelor’s degree at the cost of $100,000 plus was the best move I ever made. I still want to obtain a bachelor’s degree in business, but I will only do so when I can afford to do so, i.e. live on my own, afford my own car and bills, and most importantly, pay off my own student loans.